Which of the Following Would Be Considered a Part of a Consulting

question 25

Multiple Choice

Which of the following would be considered a part of a consulting services (non-assurance) engagement?
I.Expressing a conclusion about the reliability of a client's financial statements.
II.Reviewing and commenting on a client-prepared business plan.

• A) I only.
• B) II only.
• C) Both I and II.
• D) Neither I nor II.

---

Definitions:

Cash Inflows

Funds being received by a business from any source, including sales, investment income, or financing activities.

Cash Outflows

Money leaving a business through expenses, investments, and other financial activities, reducing the cash balance.

Operating Activities

Business activities directly related to the production and delivery of goods and services, which are reflected in the cash flow statement.

Cash Outflow

Money or funds that leave a company, typically through expenses, purchases, or investments.